Twitter's stocks dropped to $13.90 this morning according to Bloomberg, an all-time low since the company's public inception three years ago. It rose slightly to $13.99 later in the day, putting its market cap at $9.7 billion: a significant drop versus last week's $14 billion, which was estimated prior to the release of the company's quarterly results. As of press time, they sit at $14.08.
Things haven't been going well for Twitter lately, between a recent smattering of executive departures and a trend of dropping stock values. Months ago, The New Yorker went so far as to say the end is near for the social media service, while USA Today stated about the same time that it could go on for hundreds of years due in part to its $3 billion cash reserves. We're inclined to think the truth is somewhere in between.
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